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In my class about average price. If you don't know what you're doing. Yes, it breaks.
CAJOMOREI001
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calculating the average price backwards breaks any investment portfolio. the best thing to do is to diversify the investment to reduce exposure to market risk.
In the image, I sold and it went up, so I sold again at a higher price, and I averaged down. If Bitcoin continued to rise, I would sell even higher.
But of course, this is not a shot in the dark. I know because the chart tells me, on the daily, that it will fall. So I go to the M15 and find the sell trigger, in this case, any bearish candle. And I enter a sell position.
I did this trade just for demonstration. How a day trading strategy can help in swing trading when, of course, your coins drop.
At the beginning of my trading journey, I made several mistakes that today serve as lessons. One of the biggest mistakes was trading without a plan, relying solely on intuition. I would enter trades impulsively, without setting profit targets or loss limits. Additionally, I ignored the volume and context of BTC, which led me to enter coins that were merely sideways or about to correct. Over time, I realized that studying the chart, volume, RSI, and support/resistance is essential. Today, I always conduct analysis before trading. Making mistakes is part of it, but repeating the mistake is what separates the amateur trader from the experienced trader.
Some people should ask themselves, "why do I buy $BTC ?"
I made a post here, I was called a speculator for wanting to sell my assets and take profits.
Well, the intention of buying Bitcoin was exactly this, to make money monthly for my living expenses. Even more so because I might be the only trader here who travels across Brazil in a Kombi, not giving a damn about the system.
Money was made to be used, to have quality of life and to have experiences; putting everything into a reserve fund (accumulation) is something for institutions.
If it’s to be an accumulator, then accumulate $ETH because there are benefits for those who are holders. Or $BNB that has some airdrops.
Look at $BTC , signaling indecision. The next candle will be decisive!
If it's strong and green, it's a continuation of the bullish trend. If it's red and has a larger body, then we'll see a possible correction to the 113k region.
The market is in exhaustion. If the shooting star holds, it shows buyer weakness. So stay tuned for the next candle.
Follow me, and I'll keep you updated on the movements.
📊 General overview The current price is US$ 3,060, maintaining a solid recovery above the US$ 3,000 zone. In 30 days, $ETH rose by about +20%; in the 3-month comparison, it shows a gain of +86%, although it is still -5% below the 1-year high. 🔍 Technical pressure & key levels Important supports: Short term: US$ 2,972 – 2,945 (moving averages, Bollinger bands) Coin Edition Medium term: US$ 2,500 (level that has been defended since May) – a drop below ~US$ 2,480 would invalidate the upward trend.
In the BNB/USDT chart, the weekly appreciation is approximately +5.11%.
The current price is around US$ 704, above the resistance area at US$ 699
🛠️ Technical analysis
Relevant resistance: US$ 699-705. Overcoming this level could pave the way for new highs.
Chart pattern observed: ascending triangle, typical of a continuation of an upward trend. If confirmed with volume, it could lead prices to test US$ 733 or even US$ 740.
I highlight that, unless the bears take control, a test of the US$ 720–740 zone is likely next week!
Today I would wait to touch the lower line of the Triangle to buy, right at the PoC line. This is for Swing Trade.
For Day Trade, in the M15 chart with a slight rise, I would consider waiting for more signals, as it is lateralizing with very low volume.
If I were you, I wouldn't incur the loss. Because the time to buy would be now, not before. However, this correction is there, it can drop the price to $0.27 in the short term.
malik00007
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I will lose 1k dollars please tell me hold or close 😭😭😢😞😔#USCryptoWeek #TradingStrategyMistakes #BTCBreaksATH #ETHBreaks3k